Onto Innovation (NYSE:ONTO – Get Free Report) announced its quarterly earnings results on Thursday. The semiconductor company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.08, Briefing.com reports. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The company had revenue of $228.80 million for the quarter, compared to analysts’ expectations of $222.60 million. During the same period last year, the firm posted $0.92 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Onto Innovation updated its Q2 guidance to $1.14-1.26 EPS and its Q2 2024 guidance to 1.140-1.260 EPS.
Onto Innovation Stock Up 4.8 %
ONTO traded up $10.04 during trading on Friday, reaching $218.46. 240,003 shares of the stock traded hands, compared to its average volume of 433,156. The stock’s 50-day moving average is $186.05 and its 200 day moving average is $161.29. Onto Innovation has a 12 month low of $86.04 and a 12 month high of $233.84. The stock has a market capitalization of $10.73 billion, a PE ratio of 84.67 and a beta of 1.40.
Insider Activity
In other Onto Innovation news, CEO Michael P. Plisinski sold 40,000 shares of Onto Innovation stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total value of $7,019,200.00. Following the completion of the sale, the chief executive officer now directly owns 235,492 shares in the company, valued at $41,324,136.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Michael P. Plisinski sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the transaction, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Yoon Ah Oh sold 2,685 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $173.96, for a total transaction of $467,082.60. Following the sale, the vice president now owns 16,598 shares of the company’s stock, valued at approximately $2,887,388.08. The disclosure for this sale can be found here. Insiders have sold 47,170 shares of company stock valued at $8,266,955 in the last ninety days. 0.72% of the stock is owned by company insiders.
Analyst Ratings Changes
View Our Latest Stock Report on ONTO
Onto Innovation Company Profile
Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.
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